In May 2020 annual shareholder meeting, Warren Buffett said this: “You’ve got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it, as long as you’re comfortable with the holding.” He went on by pointing out that Berkshire Hathaway’s … [Read more...] about Ready for a 50% drop?
My Investing Journey
Chronicles my investing actions - past and present
Keeping it simple, unlike Mr. Ackman
Bill Ackman is a well-known and widely followed hedge fund manager. During the Covid market selloff in early 2020, he made several billion dollars by timely moving in and out of the markets. First, he bought credit default swaps to hedge against panic in the bond market. That … [Read more...] about Keeping it simple, unlike Mr. Ackman
My portfolio ten years ago
This post is a trip down the memory lane. Ten years ago (December 29, 2011, to be specific), I had a smaller investment portfolio that also looked much different. It sported more cash. It had more stock mutual funds than individual stocks. I still had some employer-granted stock … [Read more...] about My portfolio ten years ago
Two companies, two great share buybacks
I own shares in two companies whose CEOs have been at the helm for over twenty years. These two businesses are not in the same industry. They don’t have much in common—one is in the video game business, and the other is in investment banking. As you can imagine, their business … [Read more...] about Two companies, two great share buybacks
Blackstone credit platform
I have been singing the praises of Blackstone on these pages since 2018. I first wrote about the company in February 2018. Back then it was still a Limited Partnership (LP), and its shares were trading around $30. Then, about a year later, I wrote another post on it. Blackstone … [Read more...] about Blackstone credit platform